Inspire Investing LLC Boosts Stake in Entergy Corporation $ETR

Inspire Investing LLC boosted its holdings in shares of Entergy Corporation (NYSE:ETR) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,615 shares of the utilities provider’s stock after buying an additional 986 shares during the quarter. Inspire Investing LLC’s holdings in Entergy were worth $3,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aberdeen Group plc lifted its holdings in Entergy by 3.4% during the 2nd quarter. Aberdeen Group plc now owns 350,299 shares of the utilities provider’s stock worth $29,117,000 after buying an additional 11,663 shares in the last quarter. Wealthstar Advisors LLC raised its holdings in shares of Entergy by 6.1% in the 2nd quarter. Wealthstar Advisors LLC now owns 8,630 shares of the utilities provider’s stock valued at $717,000 after purchasing an additional 493 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Entergy by 22.0% in the 2nd quarter. IFP Advisors Inc now owns 35,086 shares of the utilities provider’s stock valued at $2,928,000 after purchasing an additional 6,327 shares in the last quarter. Callan Family Office LLC raised its holdings in shares of Entergy by 179.0% in the 2nd quarter. Callan Family Office LLC now owns 18,392 shares of the utilities provider’s stock valued at $1,529,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Entergy by 6.2% in the 2nd quarter. Blair William & Co. IL now owns 23,041 shares of the utilities provider’s stock valued at $1,915,000 after purchasing an additional 1,355 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Haley Fisackerly sold 4,463 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $90.50, for a total transaction of $403,901.50. Following the transaction, the insider directly owned 3,318 shares in the company, valued at $300,279. The trade was a 57.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by company insiders.

Entergy Trading Down 0.4%

NYSE ETR opened at $95.19 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market cap of $42.49 billion, a PE ratio of 23.71, a P/E/G ratio of 2.60 and a beta of 0.62. Entergy Corporation has a one year low of $64.72 and a one year high of $98.58. The firm’s fifty day moving average is $90.45 and its two-hundred day moving average is $85.70.

Entergy (NYSE:ETR) last posted its quarterly earnings data on Friday, July 8th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $2.37 billion for the quarter. Entergy had a net margin of 14.35% and a return on equity of 11.52%. Analysts expect that Entergy Corporation will post 3.88 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were paid a $0.60 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Entergy’s payout ratio is currently 59.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ETR. Weiss Ratings restated a “buy (b)” rating on shares of Entergy in a report on Wednesday. Barclays set a $100.00 price objective on shares of Entergy and gave the company an “overweight” rating in a report on Monday. Morgan Stanley reduced their price objective on shares of Entergy from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Mizuho set a $97.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Scotiabank set a $105.00 price target on shares of Entergy and gave the company an “outperform” rating in a research report on Friday, October 3rd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.